Cost Of Oil Theft, Pipeline Vandalisation Hit N159bn In One Year
At the backdrop of the huge costs and losses attributable to product theft and facility vandalisation, the Nigerian National Petroleum Corporation, NNPC, has indicated that it would still be financially stable in the current...
NNPC's Oil, Non-oil Assets Grew By 18.5%
The total net value of the NNPC’s oil and non-oil assets appreciated by 18.5 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year.
In the financial statement, the NNPC put the cost...
Nigeria Loses N1.06trn Oil Revenue Target – NNPC
Nigeria’s N2.6 trillion oil revenue target declined by 40 per cent (N1.06) as a result of twin shocks of COVID-19 and low crude oil price, the Nigeria National Petroleum Corporation (NNPC) has disclosed.
The Group Managing Director of...
Oil & Gas Firms Raise N400bn From Capital Market - Onyema
Companies in the oil and gas sector have raised over N400 billion across several asset classes using the Nigerian Stock Exchange (NSE) platform in recent years, the chief executive officer (CEO) of the Exchange...
Nigeria’s Oil Deposit Down By 2.16% To 36 Barrels - NNPC
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls).
While the country’s oil...
NNPC Reduces Debts To IOCs To $1.58bn, Pays Off Mobil
Out of about $4.6 billion negotiated joint venture (JV) oil production debt Nigeria was owing international oil companies (IOCs), about $3.02 billion has been paid by the Nigerian National Petroleum Corporation (NNPC), leaving about $1.58...
